- Capital Gain Tax : You should aim to maximise the net return after selling your business by minimising the capital gains tax on sale.
CGT is calculated on the difference between the purchase price and what you receive when it’s sold. If this is not set against other gains, then your annual CGT exemption will be reduced.
We can help you make the most of all the CGT reliefs and exemptions that are available to you.
- Corporate Tax Planning: We can help relieve the burden of corporation tax administration and can minimize your exposure to corporate tax.
We will help you determine the most advantageous tax structure for your business. We will also help you to access the appropriate tax reliefs and opportunities.
Johal & Company Accountants will also assist you in preparing and submitting your corporation tax returns. We will also assist you in meeting the corporation tax self-assessor demands and in discussions with HM Revenue & Customs.
- HMRC Investigations: As accountants, Johal & Co can help businesses prepare for an investigation, and mitigate their exposure to fines and penalties.
Having been through an investigation by HMRC can be a bit overwhelming. We can help you through this process and provide expert advice and support.
- VAT Advice: There are frequent changes to the way that the VAT scheme is operated. To avoid these changes, businesses should seek the advice and support of experienced accountants.
We can also advise on VAT reconciliation and control (preparing and filing VAT returns). We can also negotiate with the Revenue when disputes arise.